I’m listening to a fascinating podcast from the BBC about Whisky Bandits. The scam is that you buy a cask of whisky for thousands of dollars, but the cask you bought does not exist. In other words, you just got a piece of paper saying that you own a cask or, in simpler terms, you … Read more
Cybersecurity researchers are warning of a “widespread and ongoing” SMS phishing campaign that’s been targeting toll road users in the United States for financial theft since mid-October 2024. “The toll road smishing attacks are being carried out by multiple financially motivated threat actors using the smishing kit developed by ‘Wang Duo Yu,’” Cisco Talos researchers … Read more
A former AI founder is set to face criminal charges after it was found that his supposed artificial intelligence platform was powered by human operators.Albert Saniger, the former chief executive of e-commerce startup “nate” is facing securities fraud and wire fraud charges after it was alleged he sold his investors on an AI-powered online shopping … Read more
As Southeast Asia rapidly embraces digital transformation, chief operating officers (COOs) find themselves at the forefront of navigating new challenges, particularly in the realm of identity verification and fraud prevention. The region, with its burgeoning online financial services, faces an alarming rise in identity fraud, necessitating robust solutions to safeguard both businesses and consumers. The … Read more
Five lawyers in TDI’s Fraud Unit work in district attorney’s (DA) offices in Tarrant, Bexar, Dallas, Harris, and Travis counties to prosecute insurance fraud. The program’s chief prosecutor, Kyson Johnson, helped start the program 20 years ago. What value does TDI bring to DA’s offices? TDI’s embedded lawyers know about complex insurance issues and can … Read more